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Benzinga

Business

Melanie Schaffer

A Look At GameStop As The Stock Regains This Bull Market Indicator

GameStop GameStop Corp NYSE

GameStop Corp. (NYSE:GME) was trading slightly higher in the premarket on Wednesday after regaining the 200-day simple moving average (SMA) on Tuesday.

The 200-day SMA is an important bellwether. Technical traders and investors consider a stock trading above the level on the daily chart to be in a bull cycle, whereas a stock trading under the 200-day SMA is considered to be in a bear cycle.

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One subscription that gives you access to news from hundreds of sites

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